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Environmental Upgrade Finance (EUF) is a growing form of finance provided by major financiers in Australia and specifically designed for funding upgrades of commercial and other buildings that reduce operating costs and at the same time improve energy, waste or water efficiency and increase use of renewable energy. EUF is secured against the property, similar to council rates, which makes it lower risk for banks and allows them to offer better finance terms, including fixed interest rates over 10 or more years. EUF is currently available in the City of Melbourne and in various locations across New South Wales, and is soon expected to become available across Victoria and South Australia. For more info go to http://www.climateworksaustralia.org/project/current-project/betterbuildingfinancecomau
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